Jan 27, 2013 11:00pm PST
of the president's second term. the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they haven't passed a budget in four years, even though we have a law that says we need a budget every year. we haven't seen any solutions offered by the president on how to get the budget balanced, pay down the debt, and no budget in four years. we need to figure out how to grow the economy, how to get opportunity. and if we have a debt crisis like they had in europe, everybody gets hurt. that's what we want to avoid. >> last week, senator schumer said, we'll do a budget. >> great.
Jan 28, 2013 3:00am PST
't want to fight over the debt ceiling because you thought you can't do that, you have to pay the government's bills. do you think this fight over priority is worth shutting the government down? >> we're not interested in shutting the government down. what happens on march 1 is spending goes down automatically. march 27 is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, grow the economy, create economic opportunity. that's the kind of debate the country deserves. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question. it's a when question. this isn't a republican or democrat thing. it's a math thing. we have to get serious with this problem if we want to save people from the problems that result from a debt crisis. >> let me challenge you from a critic further on the left. a lot of the centrist economists may disagree with you in some areas but agree about the impending debt crisis. some o